I think too many folks do not have an exit plan ready when the
enter a stock, then they enter a stock and then after several days
etc they try to decide where a stop should be. The trouble
with this is that it causes emotion to set in. You should
ALWAYS have your exit plan i.e stops and targets before you even
enter into a position.
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I think too many folks
Time Tested Trading Rules
Posted by matt on 28th of Dec 2008 at 04:26 pm
I think too many folks do not have an exit plan ready when the enter a stock, then they enter a stock and then after several days etc they try to decide where a stop should be. The trouble with this is that it causes emotion to set in. You should ALWAYS have your exit plan i.e stops and targets before you even enter into a position.